World Gold Council Demand for gold will rise!!
Posted on: 27/Sep/2014 2:17:23 PM
The world Gold Council has predicted that there will be an huge increase in the demand for gold in India towards the end of 2014.
Indian Director of the World Gold Council, Mr. Virpin Sharma, informed that the re was a challenging period for gold during the first half of 2014. The demand for gold for jewellery has reduced by 14% as compared to last year.
However, this is a temporary phenomenon. In a long range perspective, there is a very bright future for gold demand.
Further, this years festive season is set to start. Considering this, it can be expected that the demand for gold will be from 850 tons to 950 tons!
